In the days leading up to June 1, 2011, Kennedy Wilson’s chief executive Bill McMorrow came to Dublin to hammer out a key deal with Bank of Ireland. The early summer showcases the best Irish weather can offer, but Beverly Hills-based McMorrow, every bit the American businessman with his Californian tan and billion-dollar smile, must have felt the chill in Irish banking. The country had entered a bailout programme the previous November, surrendering economic sovereignty to the EU and the International Monetary Fund in exchange for the €67.5 billion required to prevent national bankruptcy. International liquidity was flowing into the…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.

Subscribe

Cancel at any time.

Are you already a member? .